Brandywine Global Investment Management LLC lifted its position in American Airlines Group Inc (NASDAQ:AAL) by 44.8% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,289,684 shares of the airline’s stock after acquiring an additional 1,017,143 shares during the quarter. Brandywine Global Investment Management LLC owned approximately 0.71% of American Airlines Group worth $105,632,000 as of its most recent filing with the SEC.
Several other large investors have also recently modified their holdings of AAL. Primecap Management Co. CA lifted its position in American Airlines Group by 16.3% in the 3rd quarter. Primecap Management Co. CA now owns 68,944,981 shares of the airline’s stock worth $2,849,496,000 after buying an additional 9,665,167 shares in the last quarter. BlackRock Inc. increased its stake in shares of American Airlines Group by 1.9% during the 4th quarter. BlackRock Inc. now owns 23,557,390 shares of the airline’s stock worth $756,426,000 after purchasing an additional 444,541 shares during the last quarter. Lansdowne Partners UK LLP increased its stake in shares of American Airlines Group by 23.5% during the 3rd quarter. Lansdowne Partners UK LLP now owns 7,391,768 shares of the airline’s stock worth $305,501,000 after purchasing an additional 1,407,699 shares during the last quarter. Capital World Investors increased its stake in shares of American Airlines Group by 653.7% during the 3rd quarter. Capital World Investors now owns 6,572,000 shares of the airline’s stock worth $271,621,000 after purchasing an additional 5,700,000 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of American Airlines Group by 7.1% during the 4th quarter. Geode Capital Management LLC now owns 5,530,993 shares of the airline’s stock worth $177,362,000 after purchasing an additional 366,191 shares during the last quarter. Institutional investors and hedge funds own 78.96% of the company’s stock.
NASDAQ:AAL opened at $31.43 on Friday. American Airlines Group Inc has a 1 year low of $28.81 and a 1 year high of $56.41. The firm has a market capitalization of $14.30 billion, a P/E ratio of 6.91, a PEG ratio of 0.32 and a beta of 1.55.
American Airlines Group (NASDAQ:AAL) last posted its earnings results on Thursday, January 24th. The airline reported $1.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.01 by $0.03. American Airlines Group had a net margin of 3.17% and a negative return on equity of 322.87%. The business had revenue of $10.94 billion for the quarter, compared to analyst estimates of $10.94 billion. During the same period last year, the business posted $0.95 EPS. American Airlines Group’s revenue was up 3.1% compared to the same quarter last year. Equities analysts anticipate that American Airlines Group Inc will post 6 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, February 20th. Investors of record on Wednesday, February 6th were paid a $0.10 dividend. The ex-dividend date was Tuesday, February 5th. This represents a $0.40 dividend on an annualized basis and a yield of 1.27%. American Airlines Group’s payout ratio is presently 8.79%.
Several research analysts have recently commented on the stock. Imperial Capital restated an “outperform” rating and set a $43.00 price target (down previously from $46.00) on shares of American Airlines Group in a research note on Friday. BidaskClub lowered shares of American Airlines Group from a “sell” rating to a “strong sell” rating in a research note on Wednesday. Citigroup dropped their price target on shares of American Airlines Group from $59.00 to $56.00 and set a “buy” rating on the stock in a research note on Friday, March 8th. Deutsche Bank lowered shares of American Airlines Group from a “buy” rating to a “hold” rating and increased their price target for the stock from $28.81 to $35.63 in a research note on Friday, March 1st. Finally, ValuEngine lowered shares of American Airlines Group from a “sell” rating to a “strong sell” rating in a research note on Friday, February 15th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and eleven have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $46.39.
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American Airlines Group Profile
American Airlines Group Inc, through its subsidiaries, operates as a network air carrier. It provides scheduled air transportation services for passengers and cargo. As of December 31, 2017, the company operated a mainline fleet of 948 aircraft. It serves 350 destinations in approximately 50 countries, principally from its hubs in Charlotte, Chicago, Dallas/Fort Worth, Los Angeles, Miami, New York, Philadelphia, and Phoenix, as well as in Washington, DC The company was formerly known as AMR Corporation and changed its name to American Airlines Group Inc in December 2013.
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